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Stock Market Seems to Be Taking A Dive While ER.ORG Has Been On Other Assignments
Old 06-20-2008, 09:14 AM   #1
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Stock Market Seems to Be Taking A Dive While ER.ORG Has Been On Other Assignments

Dow is at 11,893 this morning, off ~1.5 % yet again.

I certainly would not have expected to see GE at $27.42. Wish I had, I would have more money today.

Ha
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Old 06-20-2008, 09:16 AM   #2
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Oil, oil, oil. Period. As oil goes right now, so goes the stock market in the other direction.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 06-20-2008, 09:34 AM   #3
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Fooey!!!

This is not what we want to see, now is it.

On the other hand it's a great blue light special, for those who didn't buy on the 11th like I did.
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Old 06-20-2008, 09:36 AM   #4
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Fooey!!!

This is not what we want to see, now is it.

On the other hand it's a great blue light special, for those who didn't buy on the 11th like I did.
I'm slowly moving my mom's Vanguard IRA from money market funds into Wellesley and Wellington. It may time to move another chunk of change today.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 06-20-2008, 10:13 AM   #5
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I'm slowly moving my mom's Vanguard IRA from money market funds into Wellesley and Wellington. It may time to move another chunk of change today.
Maybe so, keeping in mind that dividends are due at the end of June. They may dip further in a little while.
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Old 06-20-2008, 10:13 AM   #6
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Just think what a buy it will be when it goes down to 7000
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Old 06-20-2008, 10:18 AM   #7
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Just think what a buy it will be when it goes down to 7000
But the people waiting for that won't have any money to buy because they will have spent it all on guns, ammo, gold, canned food and tin foil.

Anyone else notice how much the market usually stinks on a Friday? Seems like no one wants to go long before the weekend because of fear of the uncertain. I wish there was a way an ordinary sod like me could play that.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 06-20-2008, 10:26 AM   #8
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But the people waiting for that won't have any money to buy because they will have spent it all on guns, ammo, gold, canned food and tin foil.
In keeping with the frugal nature of this board, go with these guys and you can get two for one...maybe three for one if you move out there...

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Old 06-20-2008, 10:27 AM   #9
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Now now, I'm no market timer, but bye bye Schwab money market.
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Old 06-20-2008, 10:34 AM   #10
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I invested some more this morning...I wonder what the Plunge Protection Team's next move will be...
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Old 06-20-2008, 10:40 AM   #11
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Trick question - does a Vanguard computer rebalancing(my Target Retirement) away make a noise.

Or get emotional or use bandaids from trying to catch too many falling knives?

Luckily I have some hobby/side money for entertainment with a few individual stocks.

Here's to greed, fear, lust and hormones!

heh heh heh - preseason doesn't get really going till August and I hear the Pats have a good football team - but hope springs eternal - Geaux Saints! .
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Old 06-20-2008, 12:51 PM   #12
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I certainly would not have expected to see GE at $27.42. Wish I had, I would have more money today.
I had held a small amount (2,200 shares) of GE stock for quite some time in my 401(k) from the days when I worked for GE years ago. I questioned selling it back in March 2008 for a bit over $37 a share. As of this post it's down over 25% from when I sold it. Ouch!
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Old 06-20-2008, 01:38 PM   #13
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I had held a small amount (2,200 shares) of GE stock for quite some time in my 401(k) from the days when I worked for GE years ago. I questioned selling it back in March 2008 for a bit over $37 a share. As of this post it's down over 25% from when I sold it. Ouch!
I had the same situation with Bank of America stock from when I worked there many years ago. I sold all of it (3,656 shares) back in October for $50.55/share. It's now $27.22/share. Miss those great dividends although I bet BAC ends up cutting them.
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Old 06-20-2008, 02:35 PM   #14
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On the other hand it's a great blue light special, for those who didn't buy on the 11th like I did.
Screw blue light specials. I'm tired of this crap. Looks like another Friday night snuggled up to a cold six pack.
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Old 06-20-2008, 02:40 PM   #15
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Screw blue light specials. I'm tired of this crap. Looks like another Friday night snuggled up to a cold six pack.
No kidding. I keep wondering if we will ever write the cashier's check from our credit union and send it to Vanguard. The longer we wait, the harder it gets (but the more money we save) ...
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Old 06-20-2008, 02:41 PM   #16
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Screw blue light specials. I'm tired of this crap. Looks like another Friday night snuggled up to a cold six pack.
Aw!! Don't forget: What goes down, must come up.

Or was it the other way around. Anyway, hope your evening isn't too dismal.
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Old 06-20-2008, 02:46 PM   #17
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Dawg, you need to be more optometristimistic...
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Old 06-20-2008, 02:52 PM   #18
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Dawg , I'm with you . I'm sick & tired of this lousy market.
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Old 06-20-2008, 02:56 PM   #19
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I have been enjoying the opportunity of buying good quality companies at historically low prices for about 7 months ago.

I am getting a little tired of the game, and would welcome an opportunity to sell good quality companies and historically high prices. (Not sure what the correct emoticon to use is)
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Old 06-20-2008, 03:11 PM   #20
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Aw!! Don't forget: What goes down, must come up.

Or was it the other way around. Anyway, hope your evening isn't too dismal.
I think you are right on this Want2Retire. However, IMHO, three things need to happen first:

1. Oil prices go down or at least stabilize;
2. We finally see stability in real estate; and
3. We get through this next election.

We need to remember how we felt going through the last few downturns. Things seemed dismal then but we got through it and the market came back stronger than ever.

Even though I dumped my BAC stock a while back, I still have a good chunk in the market through my TSP.

While I am optimistic overall, I still see some margaritas in my future this weekend. It's been a rough week.
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